Meanwhile, the BSE Sensex was up 180.34 points, or 1.12%, to 16,244.24.
On BSE, 2,775 shares were traded in the counter as against an average daily volume of 71,058 shares in the past one quarter.
The stock hit a high of Rs 390 and a low of Rs 375 so far during the day. The stock had hit a 52-week high of Rs 396 on 19 May 2009 and a 52-week low of Rs 140.30 on 6 November 2008.
The large-cap stock had outperformed the market over the past one month till 5 November 2009, rising 9.54% as compared to the Sensex's 4.76% fall. It had also outperformed the market in the past one quarter, gaining 13.25% as compared to the Sensex's return of 1.01%.
The company's equity capital is Rs 644.31 crore. Face value per share is Rs 10.
The current price of Rs 390 discounts the company's Q2 September 2009 annualized EPS of Rs 9.90, by a PE multiple of 39.39.
National Aluminium Company (Nalco) had on 13 August 2009 hiked the prices of aluminium products by almost 6% to Rs 6,000-7,000 per tonne. The company had earlier hiked aluminium prices by 5.8% or Rs 6000 a tonne on 1 August 2009.
Nalco's net profit plunged 64.1% to Rs 159.49 crore on 25.6% fall in net sales to Rs 1143.06 crore Q2 September 2009 over Q2 September 2008. The company declared its results on 30 October 2009.
Nalco manufactures and distributes aluminum products. Government of India holds 87.15% stake in the company (as on 30 September 2009).
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